Escrow & Title
When a buyer purchases real property in Oregon using a trust deed as security, the 'reconveyance deed' is recorded when:
AThe buyer makes the first mortgage payment
BThe loan is paid off in full, returning title from the trustee to the borrower✓ Correct
CThe property is sold to a new buyer
DThe lender assigns the loan to a new servicer
Explanation
When a deed of trust loan is fully paid off, the trustee executes a reconveyance deed (also called a deed of reconveyance) that transfers the legal title that was held by the trustee back to the borrower (trustor). This clears the lien from the public record.
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